Indian markets rose to a more than six-week closing high today, driven by an HDFC-led rally in financials on signs of lockdowns easing in Europe and the United States.
The NSE Nifty 50 index 1.84% higher at 9,553.35, its third gain in a row while the benchmark S&P BSE Sensex ended up 1.89% or 605 points at 32,720.16.
In three days, the Sensex is up about 1,400 points and from its March 24 lows of 25,638, the Sensex is now up about 28%. Non-banking lender HDFC closed up 7.05% and was the biggest boost to the indexes, while HDFC Bank Ltd jumped 4.91%.
Consumer goods giant Hindustan Unilever slipped 2.54% on reports that GlaxoSmithKline Plc was preparing to start the sale of its $3.7 billion stake in the company, while Axis Bank fell 3.59%